Global Fatty Acid Methyl Ester Market Future Scope, Growth Analysis, Forecast Report 2020-2026
Results of the Facts and Factors report titled “Fatty Acid Methyl Ester Market by Product (Polyol Esters, Sucrose Esters, Glyceryl Monostearate, Isopropyl Palmitate, Medium Chain Triglycerides, and Glycol Esters) and By Application (Fuels, Polymers, Lubricants, Coatings, Food, Metalworking Fluids, Agriculture and Others): Global Industry Outlook, Market Size, Business Intellig By 2026, the market is projected to grow at a CAGR of 5% and be worth roughly USD 28300 million.
When alcohol and fatty acids are combined, fatty acid esters, which are carboxylic esters, are created. Methanol and fatty acids interact to create methyl esters of the fatty acids. Fatty acid methyl esters are non-toxic and biodegradable. The oil used to create the methyl esters of fatty acids affects their properties. Sunflower oil, palm oil, rapeseed oil, soy oil, and animal fats are used as the primary raw materials in the production of methyl esters of fatty acids.
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The future expansion of the global market is anticipated to be driven by the rising demand for detergents. Furthermore, due to its excellent solubility in organic solvents, strong lubricity, and high boiling points, it is expected that its demand will rise in a variety of end-use industries, including coating, lubricants, metalworking fluids, oils, solvents, and detergents. Therefore, it is anticipated that its capacity to serve a variety of end-use industries will spur the growth of the global market in the near future. For market participants in fatty acid esters, difficulties are anticipated to arise due to the high cost of fatty acid esters and, as a result, the high cost of producing raw materials.
The polyol esters, glyceryl monostearate, medium-chain triglycerides isopropyl palmitate, and glycol esters are byproducts of the fatty acid sucrose esters and methyl esters. Due to increased use, medium-chain triglycerides represent the largest segment in the food industry. In the near future, glyceryl monostearate is expected to experience significant growth as a potential market segment. This is primarily because glyceryl monostearate is being used more frequently in baking and confectionery as an emulsifier.
The medium-chain triglycerides isopropyl palmitate, polyol esters, glyceryl monostearate, and glycol esters are the byproducts of the fatty acid sucrose esters and methyl esters. Due to their increased use, medium-chain triglycerides make up the largest portion of the food industry. A potential market segment that is anticipated to expand significantly in the near future is glyceryl monostearate. Glyceryl monostearate’s expanding use in baking and confectionery as an emulsifier is primarily to blame for this.
Polymers, oils, lubricants, food, coatings, metalworking fluids, and agriculture can be categorised as the primary end uses for methyl esters fatty acids. Due to its growing employment in vehicles, mining equipment, power generators, agricultural machinery, and construction equipment, fuel is the prominent segment expected to experience rapid growth. Due to the significant demand from the manufacturing and automotive industries, coatings dominate the lubricants market. The combined demand for pesticides and fertilisers is predicted to result in increased demand for agricultural applications.
Due to rising disposable income and India’s and China’s quickening industrialization, the Asia Pacific market is anticipated to support market growth. The demand for methyl esters of fatty acids is anticipated to increase significantly in Latin America, the Middle East, and Africa during the forecasted period. Due to an increase in end-use applications, North America held the largest market share for methyl esters fatty acids. In the years to come, increased growth is predicted for the United States.
Fatty Acid Methyl Ester has a wide range of customers. Existing players in the market are in fierce competition with one another. Diester Industries, Western Iowa Energy, Biofuels Corporation, Novaol, Biopetrol Industries, Cargill, and ADM Biodiesel are the market leaders for fatty acid methyl ester.
This report segments the Fatty Acid Methyl Ester market as follows:
Global Fatty Acid Methyl Ester Market: By Type Segmentation Analysis
- Polyol esters
- Sucrose esters
- Glyceryl monostearate
- Isopropyl palmitate
- Medium-chain triglycerides
- Glycol esters
Global Fatty Acid Methyl Ester Market: By Application Segmentation Analysis
- Metalworking fluids
Global Fatty Acid Methyl Ester Market: Regional Segmentation Analysis
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & AfricaGlobal Fatty Acid Methyl Ester Market Industry Outlook, Comprehensive Analysis and Forecast